On The Record

On the record

September 18, 1997

Indian government OKs Enron International plans

NEW DELHI, India, - The Indian government will allow Enron International, a Houston-based utilities conglomerate, to set up a company that will build and operate a liquefied natural-gas terminal and gas pipeline distribution system, the government's principal information officer said Wednesday. Enron plans to invest $500 million to set up the liquefied natural-gas terminal, with an annual capacity of 5 million metric tons, at Dabhol. The company will also build the gas pipeline distribution system to transport natural gas from Dabhol to buyers.

Marketing VP De Luca quits post at Apple

CUPERTINO, Calif. - Apple Computer Inc. said Wednesday that Guerrino De Luca, its executive vice president of marketing since February, has resigned. No successor was immediately announced. ''This is a personal decision which does not reflect my assessment of the company's prospects,'' De Luca said in a statement. ''We are seeing a lot of changes at Apple, and I'm confident that Apple will shine again.'' The announcement came a day after the computer maker officially selected co-founder Steve Jobs as interim chief executive to replace Gilbert F. Amelio, who was ousted in July. Apple said it expected to choose a permanent CEO by the end of the year. Last month Microsoft Corp. agreed to take a $150 million equity stake in Apple, which is based in Cupertino.

U.S. cuts 1997-98 quota for sugar imports 43%

WASHINGTON - The U.S. Department of Agriculture lowered by 43 percent the amount of sugar that can be initially imported into the United States in 1997-98 after the government forecast a larger domestic crop. Refiners can import 1.2 million metric tons of raw cane sugar for the year beginning Oct. 1, the lowest in four years, with potential increases in later months. That compares with imports of 2.1 million tons of sugar for all of the 1996-97 season, which ends Sept. 30. The USDA has the option of raising the amount of sugar allowed for import in January by 200,000 metric tons, if U.S. harvests this autumn fall short of current expectations. Further increases of 200,000 tons each could occur in March and May. A spokesman for U.S. sugar beet and cane farmers wasn't available for comment.